EURUSD only

We are currently in the process of finding a clear direction even though the overall direction is still bearish, but yesterday daily candle has taken out the high of previous daily therefore bulls are gaining some strength! (up until CPI)

In my view, the key levels to watch are 1.0995 and 1.08790, which are the high and low of last Friday's doji. A breach of these levels is necessary for a clearer market direction. Notably, the market formed an inside bar after the doji, suggesting uncertainty, possibly due to anticipation of today's CPI data. Post-CPI, I am leaning towards a downward move with a target of 1.0840 and then 1.0730 Nonetheless, I plan to observe the market closely and stay in cash until one of these price points is significantly breached.

btw, if low of yesterday bullish candle takes out, I wouldn't be surprised if it goes all the way down to take the low of doji out soon too!


Trade safely!

Trade Safe!

Based on H1, I am marking 1.0960/65 area as nearest resistance...

Hi guys!
Today was a good trading day.

Was a good morning - 1st session was quite merciful! - On the sidelines now.

1.09982\1.09854 Valid to bears?

Sorry D7S, there is a way to reduce your lot size, so that you won't exit with a hefty loss. Ata posted the method once, if I'm not mistaken.

I like to go heavy and look for small profit pips (2-5 pips average) - that way i can get out before the Pa turns against me. Just my crazy method - lol, but I understand what you are saying. Thanks for your concern, appreciate it.

I have another account which i normally use for a longer period positions and i usually trade much smaller lots on that one.

Get ready for the same Gap image on 11/01/2023...
Reminder: the date is a little like numbers ( But bigger movement ).

Some traders do that, buy and sell at same price and wait... lol
Cheers.

I am calling it a day folks... Stay away from the buying button while H1 candles open below 1.0966... (or try to buy extremely low)

Patience dear bulls!

Cheers

1.0910 - 1.09734

I don't do that but it sounds interesting (exit the wrong side and jump on the right one) I guess everyone has their own method - I am too novice to discredit any method. Forex trading has the most diversified traders of all, trading from all parts of the world and I am sure many has quite unique methods to make money. Whatever it takes, as long as it makes money, that's all that matters.

Market Filled The Fair Value Gap And Than Dropped 430 Points!

It's all about 1.0965... That's it for bulls.

Ma 200 Chart D1 can serve as support if it gets there.

Let's see if this one climbs all the way.
5 min chart

iFVG ( fvg mitigated with another )

risk free open trade

Hi,
i think we will retest the area slightly below 0910. Me taking longs there again with targets toward 1.1



Best
Chriss